Foreign currency accounts interest rates

Credit interest rates are set by us and can vary from day to day. Details of the interest rate which will apply to your account can be found below.

Reference rates for each currency are set by central banks and can be found here: http://www.global-rates.com/interest-rates/central-banks/central-banks.aspx

Please note that the Co-operative Bank is not responsible for the content of external webpages.

US Dollar (USD)

Effective from 15th June 2017

Balance (USD) Gross rate % AER%
0 - 1,000,000 0.00 0.00
1,000,000 - 1,500,000 0.00 0.00
1,500,000+ 0.00 0.00

Euro (EUR)

Last change  11 March 2016

Balance (EUR) Gross rate % AER%
0 - 500,000 0.00 0.00
500,000 - 1,000,000 0.00 0.00
1,000,000+ 0.00 0.00

Australian Dollar (AUD)

Effective from 2 August 2016

Balance (AUD) Gross rate % AER%
0 - 850,000 0.00 0.00
850,000 - 1,700,000 0.00 0.00
1,700,000+ 0.25 0.25

Swiss Franc (CHF)

Effective from 15 January 2015

Balance (CHF) Gross rate % AER%
0 - 850,000 0.00 0.00
850,000 - 1,700,000 0.00 0.00
1,700,000+ 0.00 0.00

Canadian Dollar (CAD)

Effective from 15th June 2017

Balance (CAD) Gross rate % AER%
0 - 850,000 0.00 0.00
1,000,000 - 1,700,000 0.00 0.00
1,700,000+ 0.00 0.00

Danish Krone (DKK)

Effective from 20 January 2015

Balance (DKK) Gross rate % AER%
0 - 3,750,000 0.00 0.00
3,750,000 - 7,500,000 0.00 0.00
7,500,000+ 0.00 0.00

Hong Kong Dollar (HKD)

Effective from 15th June 2017

Balance (HKD) Gross rate % AER%
0 - 6,000,000 0.00 0.00
6,000,000 - 12,000,000 0.00 0.00
12,000,000+ 0.00 0.00

Japanese Yen (JPY)

Effective from 24th July 2017

Balance (JPY) Gross rate % AER%
0 - 85,000,000 0.00 0.00
85,000,000 - 170,000,000 0.00 0.00
170,000,000+ 0.00 0.00

Norwegian Krone (NOK)

Effective from 18 March 2016

Balance (NOK) Gross rate % AER%
0 - 3,750,000 0.00 0.00
3,750,000 - 7,500,000 0.00 0.00
7,500,000+ 0.00 0.00

New Zealand Dollar (NZD)

Effective from 10 November 2016

Balance (NZD) Gross rate % AER%
0 - 1,000,000 0.00 0.00
1,000,000 - 2,000,000 0.00 0.00
2,000,000+ 0.50
0.50

Swedish Krone (SEK)

Effective from 11 Feb 2016

Balance (SEK) Gross rate % AER%
0 - 4,750,000 0.00 0.00
4,750,000 - 9,500,000 0.00 0.00
9,500,000+ 0.00 0.00

Singapore Dollar (SGD)

Effective from 15th June 2017

Balance (SPD) Gross rate % AER%
0 - 1,000,000 0.00 0.00
1,000,000 - 2,000,000 0.00 0.00
2,000,000+ 0.00 0.00

South African Rand (ZAR)

Effective from 24th July 2017

Balance (ZAR) Gross rate % AER%
0 - 5,750,000 3.75 3.78
5,750,000 - 11,500,000 4.25 4.29
11,500,000+ 4.75 4.80

Additional Information

Interest rates will be reviewed regularly and may vary at any time, we will notify you immediately if and when this happens. Credit interest is calculated on the cleared credit balance daily, and paid half yearly. Debit interest is deducted quarterly, on 5 April, 5 July, 5 October and 5 January. If the fifth falls on a weekend charges will be deducted on the following working day, but interest will be debited or credited to your account on the previous working day. An advice slip will be sent to you confirming this at the time.

For definition of terms, please see our glossary.